Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Marshall Islands
PCDGDPMHA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,518.09
Year-over-Year Change
33.42%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP)-adjusted domestic absorption per capita for the Marshall Islands. It provides insights into the overall economic well-being and living standards of the country's population.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Domestic absorption per capita is a key indicator of a country's economic development and living standards. The PPP adjustment ensures cross-country comparability by accounting for differences in price levels, allowing for more accurate assessments of real economic activity and living conditions.
Methodology
The data is calculated using the GEKS-CPDW (Gini-Éltetö-Köves-Szulc - Country-Product-Dummy Weighted) method.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries.
Key Facts
- The Marshall Islands is a Pacific island country located in Micronesia.
- This metric adjusts for price level differences to enable cross-country comparisons.
- Domestic absorption includes household consumption, government spending, and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP)-adjusted domestic absorption per capita for the Marshall Islands. It provides insights into the overall economic well-being and living standards of the country's population.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries. The PPP adjustment ensures cross-country comparability, allowing for more accurate assessments of real economic activity and living conditions.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW (Gini-Éltetö-Köves-Szulc - Country-Product-Dummy Weighted) method.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to evaluate economic performance and living standards across countries, informing policy decisions and comparisons.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Marshall Islands (PCDGDPMHA620NUPN), retrieved from FRED.